Stories by Watch Meme DAO on Medium

Solana Meme Domain Resurgence: “Poetic Love Letters” $WEN Sparks Enthusiastic Support

Watch Meme DAO — Wed, 13 Mar 2024 14:07:40 GMT

Project Background

The creation of $WEN is inspired by the poetic sensibility of Meow, the mysterious founder of Jupiter. Meow’s poem, “A Love Letter to Wen Bros,” has been transformed into a digital asset, an NFT, using the innovative WNS standard. This NFT is divided into trillions of tradable units, represented by WEN tokens, each representing a proportional ownership of Meow’s poem. The project is currently being managed by the Ovols team, who will oversee its development.

Technical Background

$WEN, developed by the Jupiter team, serves as a meme coin for experimentation before the airdrop of Jupiter’s native token, JUP. It is the inaugural project of the LFG Launchpad. WEN stands out as the first community coin based on fractional NFT and the first NFT minted using the WNS NFT standard.

The WNS NFT standard, built on Solana and based on the Token 2022 standard, aims to reduce transaction costs, provide flexibility, and enhance interoperability within the ecosystem. Starting with simple fields like name, symbol, and URI, additional features will be added based on community consensus.

Fractional NFTs enable the division of non-fungible tokens into smaller parts, allowing multiple investors to own fractions of the same digital asset. This concept increases accessibility to high-value assets that may have been unaffordable to individual buyers due to their high costs.

Tokenomics

According to the disclosed Tokenomics, $WEN has a total supply of 1 trillion tokens, distributed as follows:

70% directly airdropped to users 20% goes into the liquidity pool 10% to the WEN treasury

70% of WEN will be airdropped to millions of Solana wallet addresses, with each address receiving 643,652 $WEN. Airdrop recipients include Jupiter users, Ovols NFT holders, blue-chip NFT holders, Genesis Saga NFT holders, mockJUP test users, etc.

20% of tokens will be used for liquidity pool construction.

10% of tokens will be reserved for the treasury, with 0.75% going to Jupiter DAO and 0.25% to the Jupiter team.

As of January 29th, the $WEN airdrop distribution has concluded, but 38.85% of WEN tokens remain unclaimed. Therefore, the current $WEN token model is as follows:

Original total supply: 1 trillion tokens

Current total supply: 728,326,131,045

Circulating supply: 628,326,131,045

Market Cap and Price Information

According to Coinmarketcap data, since its launch on January 26th, the price of WEN tokens has risen by 500%, reaching a peak of 0.00013781 on January 29th and then experiencing a slight decline. As of February 26th, the market cap of WEN is $44,681,387, with a price of $0.00007111 and a 24-hour trading volume of $12,132,042.

According to CoinGecko data, compared to other meme coins, $WEN currently ranks 16th in total market cap, with a 24-hour trading volume of $8,108,506, placing it 11th among meme coins. The liquidity ratio of 24-hour trading volume to market cap is 18.15%, indicating good liquidity. This liquidity surpasses meme coins with higher market caps like Doge (2.76%, market cap first), Shiba Inu (2.27%, market cap second), and is second only to Pepe (29.6%, market cap fifth) and Memecoin (18.43%, market cap eighth).

Community Activity

WEN’s official community primarily exists on its Twitter account, with the first tweet posted on January 24, 2024. It currently has 107,000 followers, 442 tweets (including retweets), and, like many meme coins, features a cute cat in a spacesuit as a mascot. The community engages through photo and video content. Based on the five most recent posts, the average views for WEN’s tweets are 49,000, with an average of approximately 1508.6 likes and 182.2 replies. The view count is significantly higher than other meme coins, indicating high.

Conclusion

$WEN, built on the Jupiter platform, combines the creativity of fractional NFTs with the WNS NFT standard. With its successful airdrop and significant market cap, WEN has captured the attention of meme coin enthusiasts. The active community on Twitter further fuels its growth and engagement.

Article Source: WatchMemeDAO

WatchMemeDao is a community dedicated to promoting the culture of Meme that is fun, innovative, and social. They play a significant role in advancing the development and application of Memes. The team consists of passionate creators, technical experts, and community builders who believe in the power of Meme to break rigid consensus, create new cultural resonances, and bring entertainment and inspiration to people. Through WatchMemeDao, they are committed to driving innovation and development in Meme culture, providing users with a positive, fun, and inclusive community environment.

🌍 Join our vibrant community on Telegram:

https://t.me/WatchMemeDAO

🐦 Follow us on Twitter for official updates: https://twitter.com/WatchMemeDAO

🔗 Explore our official website for more information: https://watchmeme.xyz/

Dogwifhat: The Rising Star of the Solana Ecosystem Meme Coins

Watch Meme DAO — Thu, 08 Feb 2024 04:44:10 GMT

After the turmoil of the FTX exchange closure, the Solana coin experienced a drop of up to 90% from its peak. Following the ebb and flow of a prolonged bear market, Solana emerged as a flagbearer of recovery at the end of 2023, leading a vigorous upward trend and reclaiming a position among the top five cryptocurrencies by market capitalization. This resurgence uplifted the overall market sentiment. The key to Solana’s success, as the “Ethereum killer,” lies in its performance advantages over other blockchains, coupled with lower usage and transaction costs, fostering a thriving ecosystem for DeFi and GamiFi applications.

As an integral part of driving community engagement, meme projects within the Solana ecosystem have flourished, and Dogwifhat ($WIF) has become a notable representative, sparking discussions and garnering attention.

Dogwifhat ($WIF): Riding the Meme Coin Wave in Solana’s Ecosystem

According to BitMex’s listing announcement, $WIF has become an eagerly anticipated meme coin. The project’s unique visual identity is inspired by a Shiba Inu wearing a knitted hat, capturing the attention of the cryptocurrency community with its simplicity and humor, significantly increasing $WIF’s popularity and market recognition.

The surge in popularity of $WIF is essentially riding on the success of the Meme veteran project $BONK within the Solana ecosystem. With the rise of Layer1 tokens like Solana, Cardano, and Avalanche in the fourth quarter of 2023, savvy traders consider ecosystem tokens as a “leverage game” for Layer1 native assets. The premise behind this emerging phenomenon is the lower market capitalization of these tokens, making their growth potential faster if Layer1 tokens continue to rise. In the fastest-growing week for $WIF, its market cap increased from $79 million to the current $360 million, signifying an influx of nearly $300 million. While Solana’s total market cap is over 100 times that of $WIF, it has only grown by $700 million. This momentum has excited investors, making them particularly optimistic about Dogwifhat’s future prospects, with a listing on Binance not being an unreachable dream. Analyst Reetika explained that investors who missed out on Bonk “don’t want to miss another listing like this.”

On January 18, the Binance futures trading platform announced the launch of perpetual contracts for $WIF, with leverage up to 50 times. These adjustments include changes to funding rates, quote units, maximum leverage, initial margin, and maintenance margin requirements. Upon the release of this news, $WIF immediately rose by 18% and surged 24% on the same day, reaching an all-time high of $0.4814.

Token Economic Model and Distribution Mechanism

Dogwifhat has a circulating supply of 998,920,173 $WIF tokens, all of which are currently in circulation. The potential for further market cap growth comes mainly from factors such as community support, use cases, and market trends. If $WIF significantly increases the scale and activity of its supporters, including developers and investors, its upward trend may continue. According to recent analysis, $SHIB has the most loyal community in the meme coin space, with $DOGE ranking second. Use cases and utility are also considered major elements, stating that “if Dogwifhat provides a more practical or innovative solution than Shiba Inu, it may gain an advantage.” Additionally, the growing popularity of meme coins around the Solana ecosystem may attract a significant influx of capital into its ecosystem.

Token Market Cap

According to data published by CoinMarketCap as of 12 PM on January 22, $WIF is priced at $0.2835. In the past 24 hours, $WIF has experienced a 14.29% decrease, primarily caused by a general market downturn due to BTC retracement. The real-time market cap is approximately $280 million, ranking seventh among meme coins in CoinGecko’s listing. The 24-hour trading volume is $28.77 million, ranking eighth among meme coins. The ratio of 24-hour trading volume to market cap is 10.24%, indicating good liquidity. This liquidity is superior to $Doge, ranking first in market cap with a ratio of 6.59%, $SHIB with 2.07% (ranking second), and trailing only Memecoin with 23.73% (ranking eighth) and myro with 14.68% (ranking ninth).

Vibrant Community Engagement for Dogwifhat

The Dogwifhat community primarily consists of Twitter and Telegram. It has 29,860 followers on Twitter and 8,642 followers on Telegram, with its main operations on Twitter. Dogwifhat was registered in April 2023 and has published a total of 2,968 tweets (including retweets) on Twitter, mainly in the form of images and short videos. In the community, you can find various forms of hat-wearing Shiba Inu fan art created by the official account and its followers. In the last five posts, the average views are around 38,970, average likes are approximately 346.4, and average replies are about 31. Based on the like-to-reply ratio (likes and replies divided by views), Dogwifhat’s ratio is 0.97%, significantly higher than $Doge’s 0.46%, indicating high community activity and engagement.

Article Source: WatchMemeDAO

🌍 Join our vibrant community on Telegram:

https://t.me/WatchMemeDAO

🐦 Follow us on Twitter for official updates: https://twitter.com/WatchMemeDAO

🔗 Explore our official website for more information: https://watchmeme.xyz/

Memecoins Magical 2023 Annual Research Report

Watch Meme DAO — Wed, 31 Jan 2024 09:57:49 GMT

According to the Coingecko 2023 Annual Report, the Meme sector ranks as the third most favored narrative among investors, trailing only behind AI and GameFi, constituting 8.3% of the overall interest in cryptocurrency narratives.

As of the end of 2023, the total market capitalization of the Meme sector approaches 22 billion USD, accounting for approximately 1.22% of the total cryptocurrency market capitalization. This surpasses the market capitalization of many mainstream sectors with significant capital and institutional involvement, such as DePIN ($14 billion), Layer2 ($21 billion), Zero-Knowledge ($18 billion), and DEX ($15.7 billion). Furthermore, it exceeds the total market capitalization of most mainstream public chain ecosystems.

In 2023, the entire cryptocurrency industry underwent a series of ups and downs, including a deep bear market, despair, developer and investor exodus from the AI sector, ETF spot expectations, renewed hope, market recovery, and the initiation of a bull market. Throughout these fluctuations, the Meme sector consistently demonstrated limitless potential and led market sentiment, providing endless imaginative possibilities.

From the emergence of $PEPE in May, followed by the attention garnered by HarryPotterObamaSonic10Inu in July, to $BONK reaching a peak market value of over 2 billion USD in just over a month from a starting point of a little over a million, and the two flagship projects from the BRC20 ecosystem, $ORDI and $SATS, both surpassing 1 billion USD market value after landing on Binance. Meme culture played a significant role in the era of mobile internet, and now, in the Web3 era, it has become one of the most essential components of crypto culture.

The power of Memes lies in their unique ability to convey information and ideas in a light-hearted and humorous manner. Through creative images, text, and videos, Memes serve as powerful tools for users to share viewpoints, mock phenomena, and express emotions. They capture current hot topics and societal trends in a unique way, using humor for satire, irony, or mockery.

However, the influence of Memes goes beyond mere entertainment. They can disrupt traditional methods of information dissemination, rapidly spread across social media, and spark widespread discussions and engagement. When a Meme quickly circulates on the internet, it can gather the attention and resonance of users, stimulating discussions and reflections on specific topics. This collective participation and interaction provide opportunities to form new consensus and, in some cases, act as a driving force for societal change.

For the entire cryptocurrency industry, Memes have become a gateway to attract more crypto users. Through Meme tokens and communities, users can quickly grasp the culture of the crypto community, understand cryptocurrency investment methods, and embrace the crypto ecosystem.

For exchanges and public blockchains, Memes have become a crucial weapon for cold starts and promoting the thriving development of ecosystems. Examples include the recent surge of Meme projects on Solana, such as Silly Dragon, Analos, Bork, as well as projects like COQ on Avalanche and Pory on Polygon.

For users, Memes serve as a medium embodying an anti-VC, anti-conventional spirit and attitude, acting as a means to create new consensus, much like the repeated dramas of the GameStop defense battles. For users, Memes are not only a vessel for an anti-VC, anti-conventional spirit and attitude but also a medium of social expression, capable of resonating, generating new consensus, and becoming a force for changing the real world. Similar to the recurring GameStop defense battles, Memes play a crucial role. When a group of ordinary investors collectively acts through social media and Memes, they have the ability to alter the landscape and rules of the market. The demonstration of this power has prompted a reevaluation of the financial system and posed a challenge to traditional institutions and authorities.

Therefore, Memes are not just a form of entertainment; they have become symbols of a cultural phenomenon and social movement. As users engage in the creation and sharing of Memes, it means participating in a decentralized cultural creation process, enabling the expression of personal viewpoints, shaping public opinion, and influencing society. The power of Memes lies in their ubiquity and speed of dissemination, providing everyone with the opportunity to participate and impact societal discussions.

Next, we will review the top 5 meme projects worth paying attention to in 2023.

Silly Dragon $Silly

https://twitter.com/SillyDragonSol

sillydragon.io

Keywords: Year of the Dragon; Solana founder and official Solana platforms and interactions.

Project Introduction: Silly Dragon is a delightful character within the Solana blockchain realm, symbolizing innovation, community, and a playful spirit.

Basic Data (as of January 25, 2024)

First Mint Time: 12–04–2123
Chain: Solana
FDV/MKT CAP: $68M
ATH: $165M
Supply: 999.97M
Holders: 17600+
Top 10 Holders: 29.68%
Liquidity Pool: $972K
Transaction: 15K
24 Hours Trading Volumn: $642K
24 Hours Traders:709
X Followers: 22.3K
Telegram Followers: 6.6K
Exchange Listed: Kucoin; LBank; Bitget; HTX; BitMart; CoinW;

Overall Score: 89

Community Engagement Score: 90
Liquidity Pool Score: 92
Transparency Score: 90
Trading Activity Score: 80
Contract Security Score: 95
Chip Structure Score: 90

Upcoming Focus Areas:

With the approaching Year of the Dragon in China, whether there will be further excitement within the Chinese community.
Development of the community ecosystem: Evaluation of the upcoming NFT quality, community participation, and recognition to assess the team’s execution and operational capabilities.
Continuous interaction of the official Solana team and Solana founder with Silly Dragon.
Monitoring the listing status on Top Tier exchanges.
Tracking the growth of followers in the English-speaking community.

COQ Inu $COQ

https://twitter.com/CoqInuAvax

coqinu.com

Keywords: Avalanche Leading Meme; Avalanche Establishing Ecosystem Fund to Support Meme Projects.

Project Introduction: COQ is the leading meme coin on the AVAX network. It was founded by highly esteemed members of the community who chose not to distribute the coin and instead placed the entire supply, consisting of 150 AVAX, in the initial liquidity pool. The contract has been fully renounced, and the liquidity has been burned.

Basic Data (as of January 25, 2024)

First Mint Time: 12–08–2023
Chain: Avalanche
FDV/MKT CAP: $76.3M
ATH: $266M
Supply:69T
Holders: 55K
Top 10 Holders: 26%
Liquidity Pool: $2.2M
24 Hours Trading Volumn: $944K
24 Hours Traders:1.1K
X Followers: 42.3K
Telegram Followers: 9.5K
Exchange Listed: KuCoin, Bybit, Bitget, HTX, BitMart, CoinEx

Overall Score: 90

Community Engagement Score: 85
Liquidity Pool Score: 95
Transparency Score: 90
Trading Activity Score: 80
Contract Security Score: 95
Chip Structure Score: 95

Upcoming Focus Areas:

The leading meme project on Avalanche has a relatively stable position. The key focus is on the project team’s subsequent operational strategies and breakthrough actions.
Because it is ultimately a native Meme on Avalanche, it is necessary to consider the platform’s development space, namely the overall growth of the Avalanche ecosystem. After embracing the realm of on-chain governance, Avalanche has gained significant traction and attention. It remains to be seen whether there will be sustained efforts in the overall ecosystem, differentiation, and a renewed sense of glory. It is worth looking forward to.

TROLL PORTAL $TROLL

https://twitter.com/TrollErc20

https://larrythellama.vip/

Keywords: Musk Concept — Chief Troll Officer; Ethereum Ecosystem Resurging, Next PePe on Ethereum.Is there anything else I can help you with? If you have any more questions or need further assistance, feel free to ask!

Project Introduction: Troll is just a meme coin that is run by the community. Troll was created by a group of degens and have slowly worked in building a community.

Basic Data (as of January25, 2024)

First Mint Time: 03–19–2023
Chain: Etheruem
FDV/MKT CAP: $45M
ATH: $58M
Supply: 960.42T
Holders: 6.21K
Top 10 Holders: 25%
Liquidity Pool: $1.7M
Transaction: 7.8K
24 Hours Trading Volumn:$10.76M
X Followers: 4.45K
Telegram Followers: 4.9K
Exchange Listed: BingX, LBank, XT.COM, Poloniex

Overall Score: 92

Community Activity Score: 75
Liquidity Pool Score: 95
Information Transparency Score: 90
Transaction Activity Score: 98
Contract Security Score: 95
Chip Structure Score: 95

Upcoming Focus Areas:

The Musk concept is making a comeback. The current major expectation is whether Musk will retweet and shout out for trades.
The Ethereum ecosystem is returning to the forefront of the market. There are signs of a resurgence in the Meme trend on Ethereum. Currently, $TROLL has the highest heat and transaction activity. Pay attention to more community discussion and Twitter discussions around it.

Rats Ordinals $RATS

https://twitter.com/Bitrats_org

https://www.rats.group/

Keywords: next SATS&ORDI;

Project Introduction: $RATS is an animal meme coin created on the Bitcoin blockchain under the BRC-20 protocol, with a total issuance amount of 1 trillion and it is 100% in circulation.

It is named after the most populous mammal on Earth, the rat, and is highly sought after by a large number of users due to its ironic take on the traditional trading market’s front running.

Basic Data (as of January25, 2024)

First Mint Time: 11–21–2023
Chain: BTC
FDV/MKT CAP:$220M
ATH: $62.7M
Supply:1T
Holders:None
Top 10 Holders: 13.16%
Liquidity Pool: None
24 Hours Trading Volumn:$17.7M
24 Hours Traders:None
X Followers: 35K
Telegram Followers: 18.6K
Exchange Listed: Gate.io. Kucoin, HTX, Bitget, OKX-Ordinals, MEXC, BingX

Overall Score: 97

Community Activity Score: 98
Liquidity Pool Score: 100
Information Transparency Score: 98
Transaction Activity Score: 99
Contract Security Score: 95
Chip Structure Score: 95

Upcoming Focus Areas:

Although the project team firmly asserts that they are not the same as SATS and ORDI and they want to establish their own identity, it cannot be denied that if RATS can replicate the development trajectory of SATS and ORDI in aspects such as user base, listing path, and community consensus, there is still a growth potential of 5–8 times. This is also a key point we can focus on.
Recognized by the community as the third carriage in the BRC20 ecosystem, belonging to the Beta yield of the BRC20 ecosystem. However, compared to SATS and ORDI, it has a larger Alpha. If Binance Wallet supports BRC20, RATS stands to benefit even more.

$LFG

https://twitter.com/LessFnGas

lessfeesandgas.org

Keywords: Solana Founder Transparently Takes the Stage; Vampire Attack ETH; ETH Whales Receive Pork Knuckle Rice;

Project Introdution: $LFG Token | Less Fees and Gas for Ethereum users, only possible on SOLANA

Basic Data (as of January25, 2024)

First Mint Time: 02–01–2023
Chain: Solana
FDV/MKT CAP: $5.9M
ATH: $88M
Supply: 1T
Holders: 21.69K
Top 10 Holders: 78.53%
Liquidity Pool: $256K
Transaction: 1K
24 Hours Trading Volumn: $2212K
X Followers: 23.6K
Telegram Followers: 2.8K
Exchange Listed: CoinW, LBank, BitMart

Overall Score: 75

Community Activity Score: 80
Liquidity Pool Score: 70
Information Transparency Score: 90
Transaction Activity Score: 68
Contract Security Score: 95
Chip Structure Score: 60

Upcoming Focus Areas:

“LFG’’ belongs to a relatively novel Meme concept. Emerging blockchains can leverage this pattern to attract new users, making it something that official blockchain entities welcome and are willing to provide sustained support for.
Currently, the overall ecosystem of Solana is in a state of fluctuation. Meme concepts like these, because they primarily promote a preference for the ideological aspects of the blockchain, have their development trajectories closely tied to the overall ecological development (similar to Analogs). Therefore, the next opportunity will still depend on whether the Solana ecosystem experiences another surge.

Why Meme?

Do you still remember the scenes from childhood where you drew icons in class and declared yourself part of a faction? Yes, that’s the seed of Meme that naturally exists in many people’s hearts. The cryptocurrency world has provided fertile ground for this seed to take root and grow into a thriving entity. An article released last year titled “Meme Coins, Social Infrastructure For Crypto” analyzed and summarized seven characteristics of Meme. I will distill a few of these characteristics below:

1. Conveys cultural resonance and consensus through easily understandable language and imagery.

2. Simple to operate, with a low entry barrier, capable of quickly fostering community building and social value.

3. Builds financial attributes and speculative opportunities on a foundation of social characteristics.

In summary: simplicity, resonance, social, speculation.

However, behind these phenomena and characteristics, what is the true meaning of Meme in the cryptocurrency context?

Whenever a new historical era or culture is just beginning, what do we see? Totems, symbols, flags, and badges. Especially after a culture has been entrenched for a long time, these simple and vivid symbols bring revelations to civilization, breaking and leading new changes with a unique style. This is essentially retelling culture in the simplest and most effective way. From the Gothic style of the medieval era to the Baroque and Rococo styles of the Renaissance, and then the transition from Academic Realism in the mid-19th century to Impressionism, these processes share similar characteristics.

Creating new civilizations and cultural consensus often requires breaking through ingrained ways of thinking, which is inherently challenging. Established cultures typically wield greater authority, power, discourse, capital, and resources. In such situations, humor, relaxation, simplicity, fun, and even somewhat eccentric leaps can not only effectively diverge from the norm and stimulate everyone’s numb nerves but also rapidly consolidate energy in a non-verbal way, forming new consensus.

This process is consistently present in every era of transformation and development. We often need this humorous, relaxing, simple, fun, eccentric, and leaping process to break consensus, shape consensus, and rebuild consensus. In the world of cryptocurrency and Web3, this is the role of Meme! In addition to the apparent characteristics of simplicity, resonance, social interaction, and speculation, the significance and labels of Meme also encompass breaking, reshaping, new playstyles, and new hopes.

In the world of cryptocurrency and Web3, Meme stands out as a unique pioneer. It is different from technical tracks like DePIN and ZKP, as well as distinct from infrastructure and finance. In the process of building bridges, Meme breaks rigid consensus and gives consensus-building a more human touch. The collaborative nature of communities and the forms of social groups are essential for creating consensus, but fundamentally, it is about establishing emotional resonance among people. In this regard, infrastructure falls short, and finance has its limitations, but Meme can achieve it! We are delighted to see a variety of Meme coins flourishing in 2023, and we look forward to Meme coins continuing to drive the development of cryptocurrency and Web3 in 2024, bringing us more exciting progress and breakthroughs. Whether on the technical, community-building, or cultural resonance levels, Meme coins will continue to play a unique and important role.

Article Source: WatchMemeDAO

🌍 Join our vibrant community on Telegram:

https://t.me/WatchMemeDAO

🐦 Follow us on Twitter for official updates: https://twitter.com/WatchMemeDAO

🔗 Explore our official website for more information: https://watchmeme.xyz/

Analyzing the Phenomenon of $BONK: Making Solana Great Again

Watch Meme DAO — Mon, 29 Jan 2024 09:22:24 GMT

Introduction:
$BONK, a dog-themed meme coin, has gained significant attention in recent months, experiencing rapid growth and capturing the interest of cryptocurrency enthusiasts. This article aims to examine the key milestones, token issuance mechanism, economic model, and community activity surrounding BONK.

$BONK’s Rapid Rise:
After being listed on prominent trading platforms such as Binance, KuCoin, and Coinbase, $BONK witnessed a remarkable surge in price, more than doubling within 24 hours. This momentum continued, leading to a 314% increase in trading volume and a 123% increase in market capitalization within the same period. $BONK quickly climbed from the 69th position to the 43rd position on CoinMarketCap within just 12 hours.

The Origin and Purpose of BONK:
$BONK was born out of a desire to salvage the Solana ecosystem during a crisis caused by the Alameda and FTX scandals in 2022. The project was initiated on December 9, 2022, with the aim of fostering collaboration among projects within the Solana ecosystem. On December 25, BONK launched a large-scale airdrop for the Solana community.

The Meme and Concept behind BONK:
The inspiration for BONK comes from a popular meme featuring a Shiba Inu named Cheems being bonked on the head. This meme is often used to convey self-deprecating humor or setbacks. The name “BONK” aptly represents the sound of a head being bonked.

Addressing Token Economics and Fairness:
$BONK aims to create a fun and fair meme coin by addressing issues prevalent in the token economics of projects like Alameda. It seeks to combat deceptive tokens with low circulation and high FDV, easily manipulated prices, and concentrated wealth.

Challenges and Future Development:
While $BONK has experienced significant price and market capitalization growth, some concerns have been raised. There is a possibility of the token’s current valuation being overextended, and ongoing airdrop activities contribute to short-term selling pressure. In addition, uncertainties exist regarding the distribution of token holdings, as over 50% of the total supply is owned by the project team without a time-lock mechanism.

Token Issuance Mechanism and Economic Model:
BONK has a total supply of 93.91 trillion tokens, with a circulating supply of 60.83 trillion. Token distribution includes airdrops to the Solana community, allocations for NFT collectors, early traders, artists, Solana developers, the project team, marketing, liquidity provision, BONK DAO, and early contributors. Tokens allocated to early contributors have a linear vesting period, and BONK implements a burning mechanism to reduce inflation and stabilize token price.

Community Activity:
BONK has garnered a substantial following on social media platforms. With over 208,000 followers on Twitter and active engagement through tweets, BONK demonstrates a high level of community activity. The official Telegram community boasts 10,574 members, with many actively participating in real-time discussions.

Conclusion:
$BONK’s journey in the market has been characterized by impressive growth, driven by its unique dog-themed meme concept and efforts to address token economics and fairness. However, challenges related to token distribution and potential market manipulation have emerged. Moving forward, it will be crucial for $BONK to focus on further development, innovative gameplay, and addressing these challenges to sustain its high valuation and gain stronger consensus within the cryptocurrency community.

Navigating the Dynamic World of Memes with Watch Meme DAO’s Hot Meme Analysis

Watch Meme DAO — Tue, 26 Dec 2023 02:10:41 GMT

Greetings, Watch Meme Family! We’re thrilled to officially introduce an exciting feature at Watch Meme DAO — the 🚀 Hot Meme Analysis. Every week, we delve into the world of memes, spotlighting either the trendiest meme or a gem chosen by our vibrant community. Our analysis aims to help you traverse the dynamic meme market with both awareness and confidence.

In-Depth Exploration:

Meme Analysis at Watch Meme DAO is your essential navigational tool in the vast and vibrant universe of memes. Here, we meticulously explore the intricacies of trending memecoin projects, offering a multi-faceted perspective that goes beyond the surface. What exactly does our Hot Meme Analysis delve into? Let’s dive deeper:

Historical Context and Rise: We trace the origins and popularity of meme trends, observing how they transition from internet culture to impactful players in the cryptocurrency space.
Tokenomics: Our analysis digs into the economic models underpinning these memecoins. We explore how tokens are issued, distributed, and delve into the mechanisms that lock them, providing a thorough understanding of their financial foundation.
Market Performance and Growth: We compare the rapid growth trajectories of these memecoins with other market players, examining their listings on various exchanges, holder statistics, and their market value and ranking among top tokens.
Community Engagement: Understanding the pulse of the community is crucial. We examine how these memes resonate with audiences and the engagement they drive, including an analysis of social media presence and community activity metrics.
Market Trends: Stay ahead of the curve with our up-to-date analysis of price trends and market performance comparisons. This includes a deep dive into market capitalization, trading volume, and liquidity analysis compared to other top meme coins.

Our comprehensive approach ensures that you’re not just skimming the surface but getting a crystal-clear, multi-dimensional view of the memecoin universe. With Watch Meme DAO’s Meme Analysis, you’re equipped with the insights needed to navigate the dynamic world of cryptocurrency with confidence and clarity.

Become a Watch Memer:

As Watch Meme DAO continues to grow, we remain committed to providing valuable resources, educational content, and engaging experiences. Our Hot Meme Analysis is just the beginning.

🌍 Join our vibrant community on Telegram:

https://t.me/WatchMemeDAO

🐦 Follow us on Twitter for official updates: https://twitter.com/WatchMemeDAO

🔗 Explore our official website for more information: https://watchmeme.xyz/

Introduction to the Watche Meme DAO Black List

Watch Meme DAO — Thu, 14 Dec 2023 06:17:06 GMT

Introduction to the Watch Meme DAO Black List

In the realm of Meme-Crypto, the Black List section of the Watch Meme DAO stands as a testament to our discerning and investigative approach. Its primary objective is to create a comprehensive warning list and risk alerts for low-rated and poorly reviewed projects, ultimately establishing an information platform that fosters a friendly and informed Meme market. By providing Meme enthusiasts with valuable insights, the Black List aims to empower them to make informed decisions and avoid potential pitfalls and risks associated with their investments.

Current Background and Needs of the Meme Industry

The Meme industry, particularly in the context of cryptocurrencies, is a dynamic and ever-evolving domain. As the market continues to evolve, it has become evident that stakeholders such as communities and enthusiasts require not only channels that highlight opportunities and values but also effective means to identify and address underlying issues. The Meme crypto market presents unique opportunities, but it is not without its fair share of risks. Malicious contracts, untradable project contracts, market manipulation, manufactured consensus, fake users, and rug-pulling practices all contribute to the presence of non-beneficial projects that pose significant risks to investors and enthusiasts alike. Given these circumstances, there is a critical and immediate need for a platform within the Meme ecosystem that can reveal such issues and safeguard the confidence, consensus, and interests of community users, enthusiasts, participants, and investors.

Necessity and Value of the Black List in the Watch Meme DAO

To address the aforementioned challenges, Watch Meme DAO has introduced the Black List section — a dedicated space that evaluates, reveals, lists, and facilitates discussions about low-rated, poorly reviewed, and potentially harmful projects. This innovative Black List section sets a new benchmark for credibility and long-term reliability within the Meme market, Meme crypto community, and among Meme enthusiasts. It serves as a standard for filtering out low-rated and poorly reviewed projects, leveraging a profound understanding of the principles that underpin the protection of the Meme crypto ecosystem. Ultimately, the Black List aims to shield the community and users from unnecessary and severe losses, empowering them to navigate the market with confidence and prudence.

Operating Principles and Intentions of the Black List

At the core of the Black List’s operations lie the principles of fairness and objectivity. It employs a comprehensive set of criteria to identify and flag non-beneficial Meme projects. These criteria include a meticulous examination of contracts for harmful clauses, in-depth analysis of trading patterns to detect signs of manipulation, and rigorous scrutiny of community activities to distinguish genuine consensus from artificially created hype.

Our Intended Goals:

Contributing to a Safer Meme Crypto Environment: The Black List serves as a guardian of community interests by providing clear and transparent identification of suspicious projects. It goes beyond being a mere warning system, actively promoting informed decision-making and encouraging healthy market practices. By ensuring that enthusiasts match their passion with necessary due diligence and caution, the Black List contributes to a safer Meme crypto environment.
Building Trust and Consensus: The ultimate goal of the Black List is to foster an environment where trust and consensus can flourish. It empowers users with knowledge, enabling them to confidently navigate the Meme crypto space. The Black List reflects WatchMeme’s commitment to establishing and protecting a professional, friendly, and reliable platform, built on long-term relationships, mutual respect, and a genuine passion for the Meme crypto world.
Encouraging Positive Actions: We cordially invite the crypto community and Meme enthusiasts to embrace the Black List as an essential tool in forming consensus and guiding their investment journey. Join us at WatchMeme, where your passion for Memes converges with a prudent investment approach. Together, let us create a more informed, transparent, and vibrant Meme crypto ecosystem that benefits all stakeholders.

Looking Forward:

As Watch Meme DAO continues to thrive in the ever-evolving world of cryptocurrencies, we are excited about the future possibilities and the impact we can create. Our commitment to the Meme community remains unwavering as we strive to be a reliable source of information and support. Through our platform, we will continue to curate valuable resources, educational content, and engaging experiences that empower Meme enthusiasts and investors to make informed decisions and navigate the market with confidence.

We are eager to witness the growth and innovation within the Meme crypto landscape, and our team is dedicated to staying at the forefront of these developments. We will actively adapt to the changing dynamics, ensuring that our community stays informed about promising projects, potential risks, and emerging trends.

🌍 Join our vibrant community on Telegram:

https://t.me/WatchMemeDAO

🐦 Follow us on Twitter for official updates: https://twitter.com/WatchMemeDAO

🔗 Explore our official website for more information: https://watchmeme.xyz/

Dogecoin Soars to New Heights: Heading to the Moon and Beyond!

Watch Meme DAO — Fri, 08 Dec 2023 04:59:22 GMT

On December 23, 2023, a groundbreaking event is set to take place, marking a pivotal moment in the history of digital currencies. The long-cherished dream of taking Dogecoin “To The Moon” is on the verge of becoming a reality as it embarks on an extraordinary journey aboard strobotic’s DHL Moonbox rocket, with a direct course set for the moon. Concurrently, SpaceX, supported by Dogecoin advocate and billionaire Elon Musk, will launch the DOGE-1 satellite on a space expedition starting in January of the following year.

This momentous voyage represents more than just a technological leap; it is a testament to the collective efforts of the vast Dogecoin community and generous sponsors. As the pioneer among meme coins, Dogecoin has not only weathered a decade of market fluctuations but has also thrived with its unique community consensus and active involvement in charitable endeavors. Today, Dogecoin stands tall as the reigning king in the web3 world, commanding both market capitalization and user count, solidifying its position as the indomitable leader of meme coins.

Origins and Philosophy:
Dogecoin was brought into existence on December 6, 2013, by Bitcoin developers Billy Markus and IBM engineer Jackson Palmer. Inspired by a popular internet meme featuring the Shiba Inu dog, Dogecoin quickly adopted the lovable canine as its iconic symbol. The founders’ original intent was to create a fun and lighthearted digital currency, setting it apart from more serious cryptocurrencies like Bitcoin. Moreover, Dogecoin has consistently demonstrated its commitment to promoting charitable causes, with community members actively participating in charity events and supporting various organizations and social projects through digital currency donations.

Unparalleled Dominance:
To date, Dogecoin has unquestionably secured the top spot in the web3 world among meme coins, firmly establishing itself in the hearts of users. It boasts significant leads in both market capitalization and user count when compared to its meme coin counterparts, cementing its unassailable dominance in the eyes of its loyal following.

Token Issuance Mechanism and Economic Model:
Dogecoin’s token economic model is refreshingly straightforward and easily comprehensible, devoid of intricate technical complexities. Here are its key features:

Token Supply: Dogecoin has an initial supply of 100 billion DOGE, with no upper limit, allowing for theoretically unlimited supply while maintaining a relatively high inflation rate.
Distribution: Initially mined, Dogecoin’s mining rewards gradually adjusted from 0 to 1,000,000 DOGE per block. It employs the Scrypt algorithm, distinguishing it from Bitcoin’s SHA-256.
Locking Mechanism: Dogecoin does not employ a specific token locking mechanism, enabling newly mined DOGE to be used immediately after generation.
Distribution and Circulation Rules: Dogecoin spreads widely through social media and online communities, with community members frequently utilizing it for small social tips, donations, and charitable activities. Its adoption relies on widespread community participation rather than a specific distribution strategy.
Inflation and Burning Mechanism: Dogecoin maintains an annual inflation rate of 5.26%, incentivizing the holding and usage of DOGE without implementing a burning mechanism.

Market Cap and Price Information:
As of December 7, 2023, Dogecoin is valued at $0.095, experiencing a 6.86% decrease within a single day, a 17.27% increase over the past seven days, and an impressive 27.2% increase in the last month. Its total market capitalization has reached $13.58 billion, securing the 9th position globally, with a 24-hour trading volume of $1.81 billion, maintaining the 7th position in the market.

When compared to other meme coins, Dogecoin’s dominance is striking. Shiba Inu, with a market cap of $5.84 billion, represents only 40% of Dogecoin’s value, while PEPE’s market cap stands at $657 million, less than 4.5% of Dogecoin’s market value. Dogecoin not only reigns supreme in the meme market but also surpasses the total market capitalization of meme coins ranked 2–40 globally.

Community Activity:
Dogecoin’s official Twitter account boasts an impressive following of 3.8 million users, with 1,017 tweets. Between November 1 and December 6, it posted 5 tweets, garnering the attention of 14,924 active users. On average, these tweets were read over 2,274,513 times, receiving approximately 3,916 likes and 1,059 replies. Notably, the “🚀Dogecoin On The Moon Update🌕” tweet on November 16 generated significant community engagement, accumulating 1,680,415 views, 6,645 likes, and 1,117 repliesReddit also serves as an active platform for Dogecoin, with a vibrant community of 2.4 million users and 1,300 online users at any given time. The most popular post on the subreddit has received an astounding 15,600 replies, further highlighting the active and engaged nature of Dogecoin’s community.

Conclusion:
Dogecoin’s journey to space represents a monumental achievement for the cryptocurrency world. With its strong community consensus, active involvement in charitable endeavors, and widespread adoption, Dogecoin has solidified its position as the undisputed king of meme coins. Supported by innovative companies like strobotic and SpaceX, Dogecoin’s foray into space opens up a realm of extraordinary possibilities. This is just the beginning of an exciting chapter in the history of digital currencies, and Dogecoin’s future shines brighter than ever.

Looking Forward:

As Dogecoin embarks on its historic journey to the moon and beyond, we are reminded of the incredible power of community and the boundless potential of cryptocurrencies. At Watch Meme DAO, we are passionate about supporting and celebrating the Dogecoin community and its remarkable achievements. Through our platform, we aim to provide valuable resources, educational content, and engaging experiences that enhance the understanding and enjoyment of memecoins and the broader cryptocurrency landscape. We invite you to join us on this exciting adventure as we continue to explore the frontiers of digital currencies, pushing boundaries, and embracing the spirit of innovation. Together, let us reach new heights and create a future where possibilities are limited only by our imagination. 🌕🚀

🌍Our Community: https://t.me/WatchMemeDAO

🐦Official Twitter: https://twitter.com/WatchMemeDAO

🔗Official Website: https://watchmeme.xyz/